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it was interesting yesterday that john boehner came out and said, look, we want to do a deal, we want to reach across the aisle, get things done. the president as well called his republican counterparts. do you think there's room for compromise here? what do you think happens? >> i don't think i have nearly enough information to say whether there's room for compromise. if i look at actions in history, things that are tangible, i guess my answer would probably be no. do i have some hope? yes, but hope isn't quantifiable. what's quantifiable is today's 30-year bond auction. i'll tell you what. we can talk about europe. it was spectacular. look at the charts, what happened at 1:00. look at the fact that we're at the lowest yields in a couple months in the 30-year. the longest duration instrument, and everybody's racing for a number of reasons. this election definitely maybe was one on social issues, immigration issues, but on the business side, it is clear. things like dodd frank aren't even part of the fiscal live. those issues are going to remain. taxes most likely will be higher. i think the business
compromise? over the last couple of days, we were all fuzzy. we were all in it together. john boehner coming out saying we are ready for you, mr. president, to lead us. the president saying i'm reaching across the aisle. and here he is today being adamant once again, i'm going to veto any legislation that does extend the cuts for anybody making more than 250 or $200,000. >> yeah, about a 72-hour honeymoon here. i don't think it lasted much longer than that. all those nice words and they fade right into the reality. what we don't know and what's hard for me to understand as i try to figure out the economics of this are the politics of a presidential election. at the end of the day, the balance of power remains almost exactly the same. does the fact the president won an election make his hand any stronger? does it make it the same? does the idea he's not running for office again improve his power or make him weaker? i don't really know the answer to that. i do remember president bush saying he had a mandate, and watching that mandate fizzle as he tried to do social security reform. i'm not sur
Search Results 0 to 1 of about 2

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